I would at least believe that there is a point where most people start seeing money primarily as a tool (rather than something they primarily exchange for necessities...).
My qualification there was mostly intended to deflect the impression that I was sniping. I don't have any much knowledge of high end wealth management, but my understanding of it is that it is very difficult to use a charitable gift to actually make money. There is some tax benefit, but it is always smaller than the gift.
Apparently the big charity-as-tax-scam is to establish a bona fide foundation and then stack the board with people you would like to provide with income. But that foundation has to pass a smell test with the IRS, so it is really a tax and wealth management strategy, not a way to escape paying taxes (at least, paying taxes on income that gets used for something or other).
My qualification there was mostly intended to deflect the impression that I was sniping. I don't have any much knowledge of high end wealth management, but my understanding of it is that it is very difficult to use a charitable gift to actually make money. There is some tax benefit, but it is always smaller than the gift.
Apparently the big charity-as-tax-scam is to establish a bona fide foundation and then stack the board with people you would like to provide with income. But that foundation has to pass a smell test with the IRS, so it is really a tax and wealth management strategy, not a way to escape paying taxes (at least, paying taxes on income that gets used for something or other).